Keyword: Equine Law Conference

The odds for Congress passing legislation related to equine medication and Internet gambling this year are long, a Washington, D.C.-based official said May 1 during the University of Kentucky Equine Law Conference.

With industry sources indicating a 2015 Breeders' Cup at Keeneland has a better-than-good chance of becoming reality, the president of the racetrack and auction company said April 30 it is in the due diligence phase.

Federal intervention is the only way horse racing can resolve issues surrounding equine medication use, drug testing, and sufficient investigatory programs, said an attorney, also a Kentucky racing commissioner, May 2.

The racing industry is closer to uniformity in drug regulations and penalties than many admit, but agreement on race-day anti-bleeding drugs in a "toxic" environment will require some heavy lifting, officials said May 2.

Horse racing needs to take a "major league" approach in order to increase economic opportunities and spur investment, National Thoroughbred Racing Association executive chairman Bob Elliston said May 4.

Betfair, the rapidly growing exchange-wagering provider based in Great Britain, believes it could provide up to $50 million in new revenue for itself, racetracks, and horsemen by 2008 should it be permitted to operate in the United States.